Oman's Foreign Trade Performance Shows Steady Progress in Non-Oil Activity

Strategic Insights -

Oman's non-oil exports are driving the country's foreign trade performance, with a 9.0% increase in the first half of 2025, according to official figures. Total merchandise exports reached RO 11.5 billion, with non-oil exports up to RO 3.26 billion, driven by mineral products, chemicals, and a sharp increase in live animals and animal products. On the other hand, oil-and-gas exports decreased compared to the same period of 2024, reflecting softer crude and LNG markets.

Key Takeaways:

  • Non-oil exports showed a 9.0% increase to RO 3.26 billion in the first half of 2025, with major contributors being mineral products (up 4.0%), chemicals (up 4.4%), and live animals and animal products (up 150.3%).
  • Oil-and-gas exports declined across the board, with crude oil down 16.2%, refined products down 15.3%, and LNG falling 17.2% compared to the same period of 2024.
  • Merchandise imports rose 5.1% to RO 8.41 billion in the first half of 2025, led by transport equipment (+25.7%) and electrical machinery and equipment (+8.3%).
  • The import mix points to ongoing activity in infrastructure, logistics, and industrial projects.
  • The non-oil momentum aligns with Oman Vision 2040 priorities to broaden the export base, while the rise in machinery and transport equipment underscores continued investment by the public and private sectors.

Statistics:

  • Total merchandise exports reached RO 11.5 billion in the first half of 2025.
  • Non-oil exports rose to RO 3.26 billion in the first half of 2025.
  • Reinforced products exports declined 15.3% year-on-year.
  • Live animals and animal products showed a 150.3% surge in the first half of 2025.
  • Transport equipment imports increased 25.7% year-on-year.
  • Electrical machinery and equipment imports increased 8.3% year-on-year.

Sources:

  • National Centre for Statistics and Information (NCSI)
  • Oman Vision 2040